Nicholas Silvers & Dov Barnett Of Tavros Capital Lease 76,000 SF Retail Space To Chelsea Piers Fitness
250 Water Street
Building Size
—
Asset Type
—
Closing
May 14, 2026
About this deal
AI
The asset involved in the transaction is a retail space located at 250 Water Street, situated in the Seaport District. The space spans 76,000 square feet and comprises a five-story fitness club with outdoor space. The transaction marks the leasing of this substantial area for a long-term agreement.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 250 Water Street
- Market: Seaport District
- Asset Size: 76,000 SF
- Landlord: Nicholas Silvers & Dov Barnett - Tavros Capital
- Tenant: David A. Tewksbury - Chelsea Piers Fitness
This lease agreement represents a significant collaboration between Tavros Capital and Chelsea Piers Fitness, facilitating an anchor establishment within a planned mixed-use tower. The involvement of Nicholas Silvers and Dov Barnett as landlords outlines their role in enhancing the Seaport District's commercial landscape.
On the Map
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Deal FAQ
Browse New York leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93